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GL has deeper value than just 70¢ a share: analysts

They contend company's 18 hotel assets are 'highly undervalued'

    Published Thu, Jan 21, 2021 · 09:50 PM
    Sum of the parts

    Singapore

    MALAYSIAN tycoon Quek Leng Chan is trying to take GL private on the cheap, say Lim & Tan Securities analysts. They are suggesting shareholders hold out for a better offer.

    Given that shares of GL have climbed above the offer price of S$0.70 - closing at S$0.715 on Thursday - the market may be in agreement.

    GL LimitedM&A

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